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November 17, 2008: Jerry Yang Stepped down as Yahoo! CEO

Jerry Yang

2008 – After battle upon battle between Microsoft, Google and shareholders (including Carl Icahn), Jerry Yang finally announced to all he was stepping down as CEO of Yahoo! The previous days, Steve Ballmer said they are not going forward with any future purchase of Yahoo! Because of this, stock hit it’s lowest share price, $8. That, the failed Google affiliation (due to antitrust issues), and a very despondent group of investors, Jerry felt it best to step back in his roll.

This Day in Tech History podcast show notes for November 17

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  • USB 3.0 Specification is released
  • Apple vs. Carl Sagan
  • Veronica is released

October 6, 1997: Michael Dell on Apple: I’d Shut it Down

Michael Dell

1997Gil Amelio just was just removed as CEO of Apple. People were calling for Steve Jobs to return, but others thought that would be a bad investment. At a Garner Symposium, Michael Dell was asked what he would do with Apple. He came back in saying:

“I’d shut it down and give the money back to the shareholders.” – Michael Dell

Had Apple done that, we might see a completely different market out there. Then again, we might just see the OS X as the NeXT OS on a regular PC – with NeXTpods and NeXTpad (instead of iPad).Steve Jobs had always run a war of words with Dell. However, this comment could have actually been a fuel for Jobs fire. In fact, in 2006, Jobs sent an email to employees after Apple surpassed Dell in market share. It said:

Team, it turned out that Michael Dell wasn’t perfect at predicting the future. Based on today’s stock market close, Apple is worth more than Dell. Stocks go up and down, and things may be different tomorrow, but I thought it was worth a moment of reflection today. – Steve Jobs

This Day in Tech History podcast show notes for October 6

  • Lotus Development goes Public
  • Windows 2.0 and Excel 2.0 are released
  • AMD splits the company